Accounting for VAT on fuel private usage
HMRC publish annually the scale rates to be used to account for VAT where VAT is reclaimed in full on […]
Business Support
Pay your tax on time – interest charges rise again on late payment?
Following the recent decision to increase the Bank of England base rate to 4.25%, HMRC has announced increases to both
P11D Benefits in Kind – electronic filing only!
The HM Revenue and Customs (HMRC) February employer bulletin announced that you will no longer be able to submit P11D
Salary…. or not…. or dividend?
The tax system is complex – and it does not get any easier!! Changes to the tax system from April
The tax year end is also the payroll year end….So, get it right
If you are an employer running payroll, you will need to report to HM Revenue and Customs (HMRC) on the
Employees in the business – could they claim expenses against tax?
Employees have limited expenses which can be claimed and they need to be incurred “wholly and exclusively” in the performance
Redundancies in the business
In these difficult trading times, there comes a time when some staff have to be let go but managing redundancies
Would graphs and charts make your figures more understandable?
A characteristic of many people is that pictures convey messages in a more understandable manner than figures.Pages of reports full
Automating processes in accounting
The more manual the process, the greater the likelihood is of error. Whether this is missing items out, transposing numbers,
Ways to improve cash flow
The old adage “Cash is King” has rarely been truer. No cash means you are unable to pay your employees,